金融分权、股权结构与银行贷款风险  

Financial Decentralization, Ownership Structure and Bank Loan Risk

作　　者：苗文龙[1] 

机构地区：[1]陕西师范大学国际商学院

出　　处：《金融监管研究》2018年第8期21-41,共21页Financial Regulation Research

基　　金：教育部人文社会科学研究规划基金项目"金融经济周期;个体异质性与财政政策技术创新效应研究"(17YJAZH062);教育部人文社会科学重点研究基地重大项目"我国金融安全影响机制研究"(17JJD790024);国家自然科学基金青年项目"资本管制对资本急停的影响机制研究"(71704099)

摘　　要：本文在分析金融分权与银行大股东之间内在关系的基础上,建立了商业银行经营函数,分析政府层级间金融分权和政府与市场间金融分权对银行贷款风险的影响,进而实证得出结论:中央政府向地方政府的金融分权深化后,地方政府通过成为城市商业银行和农村商业银行的大股东,在地方银行的公司治理和重大项目贷款等事项上具有一定的干预权利,从而加剧了银行的贷款风险。政府与市场间金融分权深化,一方面会一定程度上减少地方政府的干预,有利于提高利率弹性和资金效率,有利于降低银行贷款风险;但另一方面,这一分权导致金融竞争程度提高,会增加银行的冒险冲动,引发贷款风险。因此,从货币金融的外部性、金融风险的内生性及自发膨胀性,以及政府与市场的均衡等角度,应保持必要程度的金融集权或金融适度分权。This paper analyzes the intrinsic connection between financial decentralization and the nature of major shareholders,constructs a function of commercial bank operation,and studies the impacts of financial decent realization on the bank loan risk in the angles of different levels among the government and the market.This paper finds that local governments have become the major shareholders of local commercial banks after the central government progressing financial decentralization to local governments,in this way they have the power to intervene local banks in funding major projects.The deepening of financial decentralization,to some extent,could reduce the government intervention,increase interest rate flexibility and capital efficiency.But when the competition degree exceeds a certain level,fierce financial competition will increase banks'adventurous impulses and trigger severe loan risks.Therefore,we should keep close watch and maintain the necessary level of financial centralization.

关 键 词：金融分权 股东性质 贷款风险 

分 类 号：F832[经济管理—金融学]